10 Assets That Are Making People Rich

it is a common knowledge that wealthy individuals have remote able ways of making money here are 10 assets that are making them rich and they dont just depend on one source of stream of income. honestly wealthy individuals has various assets that are making them good passive income.
there are 10 assets that are making them get rich right now but before we continue lets define the term asset and liability.
according to my favorite author rich dad and poor dad Robert kiyosaki he define asset as an object, a property or any possessions that put money in your pocket. for example rental building or properties. in other hand a liability is what takes money out of your pocket.for example using your live time savings to purchase a car rather than to invest it in a profitable business.
wealthy people focuses on accumulating assets rather than liabilities.

10 Assets That Are Making People Rich

First 10 Assets In Our List People Uses To Get Rich

1. # Stocks
2. # Bonds
3. # Real estate
4. # Relt (Real estate invent trust)
5. # Business
6. # Index fund
7. # Patents/Trademarks
8. # Digital products
9. # Copyrights
10. # Audience And Social Media Brands

1. # Stocks

A share of a company held by an individual or group. Corporations raise capital by issuing stocks and entitle the stock owners (shareholders) to partial ownership of the corporation. Stocks are bought and sold on what is called an exchange. There are several types of stocks and the two most typical forms are preferred stock and common stock.

Stocks are bought and sold predominantly on stock exchanges, though there can be private sales as well, and are the foundation of many individual investors’ portfolios. These transactions have to conform to government regulations which are meant to protect investors from fraudulent practices.

Common vs. Preferred Stock

There are two main types of stock: common and preferred. Common stock usually entitles the owner to vote at shareholders’ meetings and to receive any dividends paid out by the corporation. Preferred stockholders generally do not have voting rights, though they have a higher claim on assets and earnings than the common stockholders. For example, owners of preferred stock (such as Larry Page) receive dividends before common shareholders and have priority in the event that a company goes bankrupt and is liquidated.

Best Stocks to Buy In 2020

it’s best for most careful investors to skew somewhat lower-risk with their picks. With that in mind, here are five of the best stocks to buy 

2. # Bonds

A bond is a fixed income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental).

A bond could be thought of as an I.O.U. between the lender and borrower that includes the details of the loan and its payments. Bonds are used by companies, municipalities, states, and sovereign governments to finance projects and operations.

Owners of bonds are debtholders, or creditors, of the issuer. Bond details include the end date when the principal of the loan is due to be paid to the bond owner and usually includes the terms for variable or fixed interest payments made by the borrower.

Governments (at all levels) and corporations commonly use bonds in order to borrow money. Governments need to fund roads, schools, dams or other infrastructure. The sudden expense of war may also demand the need to raise funds.

Bonds are commonly referred to as fixed income securities and are one of three asset classes individual investors are usually familiar with, along with stocks (equities) and cash equivalents.

When companies or other entities need to raise money to finance new projects, maintain ongoing operations, or refinance existing debts, they may issue bonds directly to investors.

The borrower (issuer) issues a bond that includes the terms of the loan, interest payments that will be made, and the time at which the loaned funds (bond principal) must be paid back (maturity date)

3. # Real estate

Real estate is the property, land, buildings, air rights above the land and underground rights below the land. The term real estate means real, or physical, property.

Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general

Four Types of Real Estate

There are four types of real estate:

Residential real estate includes both new construction and resale homes.

Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels and offices.

Industrial real estate includes manufacturing buildings and property, as well as warehouses.

Land includes vacant land, working farms, and ranches.

 

4. # Relt (Real estate invent trust)

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate. Modeled after mutual funds, REITs pool the capital of numerous investors.

This makes it possible for individual investors to earn dividends from real estate investments—without having to buy, manage, or finance any properties themselves.

Read Also: Wealth Tips And Tasks To Grow Financially

5. # Business

What Is a Business?

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause.

Generally, a business begins with a business concept (the idea) and a name. Depending on the nature of the business, extensive market research may be necessary to determine whether turning the idea into a business is feasible and if the business can deliver value to consumers.  there is various types of business which one can go into and make a good earnings from it.

To be honest i have not seen some one got rich by just 9-5 type of job. owing your own business is a means to attain a greater height with patience and consistency.

6. # Index fund

How to Invest in Index Funds 2020 : Definitions & Recommendations

Index funds are a way for investors of modest means to get into the stock market, but the better you become at investing, the less desirable they are. In short, an index fund is simply a mutual fund where, instead of a portfolio manager making selections, the capital allocation is delegated to whoever determines the index methodology.

When investors buy an index fund, they get a well-rounded selection of many stocks in one package without having to purchase each individually. And because these funds simply hold all the investments in a given index — versus an actively managed fund that pays a professional to do the stock picking — management fees tend to be low. The result: Higher investment returns for individual investors. click this link to know how to invest in index funds.

7. # Patents/Trademarks

Copyright, patent, and trademark are all different types of intellectual property (IP). Although the three types of IP are very different, people often confuse them.

What’s Patent?

The primary goal of the patent law is to encourage innovation and commercialization of technological advances. Patent law incentives inventors to publicly disclose their inventions in exchange for certain exclusive rights. A patent protects inventions.

What’s Trademark?

According to the USPTO, “a trademark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others. A service mark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of a service rather than goods. Examples include brand names, slogans, and logos.

 

8. # Digital products

What Is a Digital Product?

A digital product is any product you sell online that doesn’t have physical form or substance. You can’t hold a website theme in your hand, smell an e-book, or taste a software program — Uber eats does come close though ; ).

You can turn digital products into physical products. For instance, many people buy e-books in PDF format, then print them on their computers. The product becomes physical, but it started out in digital format.

In other words, your goal as an entrepreneur who sells digital products should be to create more products and convince your existing customer base to buy them. That’s how true wealth becomes possible.

17 Profitable Products To Sell Online

9. # Copyrights

What’s Copyright?

A copyright is a collection of rights automatically vested to you once you have created an original work. To understand how these rights can be used or licensed, it is helpful to analogize them to a bundle of sticks, where each stick represents a separate right vested to you as the owner.

These rights include the right to reproduce the work, to prepare derivative works, to distribute copies, to perform the work publicly, and to display the work publicly.

10. # Audience And Social Media Brands

this is some thing that is very recent, when few people started making money from it then it got viral in the sense that vividly most people now wanting to build a relationship with their fans.every business owner wants to build community on social media to promote their products.

This is few assets generating income for people right, do well to use the comment section to tell us what assets you think is missing from the list.

 

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5 comments

  1. Hi buddy,
    I really enjoy your site and your work is very interesting.
    I must appreciate your job and efforts . It is
    incredible.
    Best regards,
    Demir Valenzuela

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